Taxation SuiteApps
Following are the 2026.1 taxation enhancements to SuiteApps:
Legacy Tax SuiteApps
Advanced Intercompany Journal Entries in Philippine Tax Audit Files
In Tax Audit Files version 1.90.0, the Philippine General Ledger and Philippine General Journal reports now include Advanced Intercompany Journal Entries. This enhancement ensures that intercompany transactions are reflected in your accounting records and comply with the Bureau of Internal Revenue's reporting requirements.
To generate these reports, go to Reports > Tax > Audit Files. For more information, see Philippines Tax Audit Files and Advanced Intercompany Journal Entry.
International Tax Reports Enhancements
The International Tax Reports (ITR) SuiteApp version 4.0.0 includes the following enhancements:
Bad Debt and Recovered Bad Debt Fields for BIR 2550Q Reporting
To comply with the Bureau of Internal Revenue (BIR) reporting requirements, the SuiteApp introduces the following fields to help track and analyze bad debts and their recoveries across transactions:
-
Bad Debt - This box is available on the Tax Reporting subtab of journal entries. Check this box to indicate that the journal entry records a bad debt write-off.
-
Recovered Bad Debt - This box is available on the Tax Reporting subtab of both journal entries and customer payments. Check this box to identify transactions that recover amounts previously written-off as bad debt.
You can edit your transaction records in bulk through CSV import and mass update to ensure the relevant transactions are accurately captured in the Philippines Recovered Uncollected Receivables saved search. For more information, see Updating Transactions to Write-off or Recover Bad Debt.
Switzerland VAT Report and Tax Rate Update
To comply with Switzerland tax authority requirements, the following updates are included:
-
Switzerland VAT Rate Updates - The VAT rates of the following tax codes have been updated.
Tax Code
New Tax Rate
S-CH
8.1%
SR-CH
3.8%
R2-CH
2.6%
These tax codes are automatically provisioned in your account when you create or add a new Switzerland subsidiary. If these tax codes already exist in your accounts, your current settings are not overwritten. Review your tax codes and update them as needed.
-
Switzerland VAT Report Template Update - The Switzerland VAT Report template is updated to version 2025. To generate the Value Added Tax Return for Switzerland report using the new template, go to Reports > VAT/GST > Tax Reports (International). Before you generate the report, ensure your tax codes reflect the updated tax rate. For more information, see Switzerland Tax Codes.